Gas turbine in Thilawa SEZ to distribute power starting in May

THE construction of a natural gas turbine in the Thilawa Special Economic Zone (SEZ) is over 89 per cent complete. The gas turbine is expected to distribute power starting in May. “A power supply of 20 megawatts was received from the government. A 50-megawatt gas plant has been built with the assistance of a JICA […]

Local consortium to claim Myanmar’s fourth telco licence

Yatanarpon Teleport (YTP) is working with a management committee to form a consortium of local partners, which will bid jointly for Myanmar’s coveted fourth telecommunications operator licence, according to YTP chief executive officer U Shane Thu Aung. After years in which the telecommunications sector was dominated by state-owned monopoly Myanma Posts and Telecommunications (MPT), in […]

Myanmar workers prefer to work in Thailand

Large-scale commercial building projects in Rangoon are reportedly being delayed by a shortage of skilled labor because Burmese workers still prefer jobs in Thailand. More than 2 million migrant workers remain in Thailand, where there are frequent reports of abuse and cheating by employers and job agents, and thousands of Burmese also choose to endure […]

Yoma and Sumitomo partner up

Yoma Strategic Holdings has entered into a proposed joint venture with Japan’s Sumitomo Corporation to distribute Hino trucks in Myanmar. Hino, a Toyota group company, manufactures medium- and heavy-duty trucks and buses, and is a market-leader in Japan. Andrew Rickards, Yoma Strategic’s chief executive, said the proposed joint venture would benefit both the logistics and […]

YSH, Sumitomo to distribute Hino brand vehicles in Myanmar

YANGON—Singapore-listed Yoma Strategic Holdings (YSH) and Japan’s Sumitomo Corporation have entered into a proposed joint venture to distribute and service Hino brand trucks and buses in Myanmar. The joint venture, subject to approval by relevant authorities, is expected to be 60-percent owned by Sumitomo Corporation, 20-percent by Elite Matrix, a wholly-owned subsidiary of YSH, and […]

Japan, Myanmar inks deal to develop industrial complex

Japanese and Myanmar companies signed a deal on Tuesday to develop an industrial complex in the suburbs of Yangon, the largest city of Myanmar. Three Japanese companies, namely Mitsubishi Corporation, Marubeni Corporation and Sumitomo Corporation, will join hands with a public-private partnership between the government of Myanmar and local enterprises to develop the Thilawa Special […]